Consolidators
Howden Group posts M&A cash spend
Documents show how much the broking group spent in cash on UK deals, including Aston Lark and A-Plan.
Gallagher reveals retail and specialty organic growth
Gallagher’s UK & Ireland retail division achieved 7% organic growth in the first quarter of 2023, the global broking giant has revealed.
Ardonagh buys Stanhope Cooper and Renovation Underwriting
Ardonagh Advisory has signed up to buy a majority shareholding in high-net-worth broker Stanhope Cooper and MGA Renovation Underwriting.
PIB snaps up residential property specialist broker
PIB has completed its second acquisition in less than a week, buying property broker St Giles.
Partners& adds two brokers
Partners& has bought Weybridge-based Richard Thompson Insurance Brokers and Leicestershire-based Regent Healthcare, Insurance Age can reveal.
The Needham Group buys PJ Insurance Brokers
The Needham Group has bought PJ Insurance Brokers, adding £2.5m gross written premium to the firm and taking its GWP total to more than £12m.
GRP’s NE hub Castle buys M R Lonsdale
Castle Insurance Services has made its first acquisition since becoming the North-East hub of Global Risk Partners in May 2022 by swooping for fellow Durham-based broker M R Lonsdale.
AssuredPartners continues south-west push with broker buy
AssuredPartners bought South West Brokers, which trades under the name of Westinsure Plymouth.
SRIS eyes £250m GWP within two years
Specialist Risk Insurance Solutions grew gross written premium 20% last year and the £130m business is eyeing up £250m by the end of 2024, managing director Oliver Thorne told Insurance Age.
Ardonagh reports adjusted Ebidta growth of 22% to £389m
Ardonagh has increased its income by 30% to $1.5bn (£1.23bn), and adjusted Ebitda by 22% to $476m in its financial results for the 12 months ending 31 December 2022.
M&A slips back from 2021 record to £4bn in 2022
Imas has calculated that the value of UK general insurance distribution M&A dropped to £4bn in 2022 from £5.6bn in 2021, Insurance Age can reveal.
Gallagher boosts education practice with FE Protect purchase
Gallagher has struck its first UK deal of the year – buying Liverpool-based FE Protect, which specialises in the education sector with a particular focus on further education.
JMG buys HGV and motor trade specialist New Era
JMG Group has bought former appointed representative, Stoke-on-Trent-based HGV and motor specialist New Era for an undisclosed sum.
Howden to become broking powerhouse in the North after Reich buy
Reich will add bolt-on acquisitions, becoming the Northern hub for Howden’s expansion into the region, according to Aston Lark CEO Peter Blanc.
Howden confirms Reich takeover
Howden has confirmed Insurance Age’s exclusive story that it has bought Reich Insurance Group.
Howden buys Reich
Howden has bought Reich Group for an undisclosed sum, Insurance Age can reveal.
Jensten Group snaps up schemes broker Darwin Clayton
Jensten Group has bought schemes broker Darwin Clayton for an undisclosed amount.
The Broker Investment Group supports first broker acquisition since rebrand
The Broker Investment Group-backed Beam Insurance has snapped up a medical insurance broker, and has plans to ramp up acquisitions.
Premier Choice Healthcare buys Visibly Health and further PMI portfolio
Global Risk Partners-owned Premier Choice Healthcare has bought Visibly Health and, separately, a book of business controlled by self-employed consultant Gill Nicholson.
Two deals in a week as GRP buys Henshalls
Global Risk Partners has ramped up its acquisition spree again, buying Shropshire-headquartered Henshalls Insurance Brokers for an undisclosed sum.
FCA signs off on PIB's £24m Jigsaw buy
The Financial Conduct Authority has approved PIB buying Jigsaw Insurance Services Plc, as the consolidator eyes a significant push into the personal lines market.
Hamilton Fraser makes first buy under GRP ownership
Hamilton Fraser has bought London-based commercial lines broker Edmondsons.
DR&P buys Lloyd Bolam
DR&P Group has bought Macclesfield-based Lloyd Bolam Insurance Brokers for an undisclosed sum.
Aston Lark strikes deal to buy Allegiance Insure
Howden-owned Aston Lark has agreed terms to buy Allegiance Insure in its first acquisition of 2023.